I hate to think of wine as an asset, but depending on, or in certain circumstances, there's no escape from that. But Claude (I think it was?) hit the nail on the head where people have no 'need' for the cash from selling. I think it's crying wolf, indeed BS, where people say they can't drink something because it is now worth x, yet all their needs (from a Maslov perspective) are met, and they have many multiples of x as accessible assets. This neatly outlines my own issue with the OP. Circumstances vary, but unless Keith has a new bed under the arches, empathy is not welling from my very core....
I will open and drink RC, it is the pinnacle of my greatest interest, I will remain unfulfilled without it (nobody mention 'corked'!) but I still need a few years more to make the bottles worthwhile.
I have come to the somewhat reluctant conclusion that such bottles are far, far better enjoyed one at a time rather than in the company of other similar wines.
we act rationally for economic purposes
That's the reverse of what I'm saying. I'd rather have the stuff than the money, assuming i anyway have enough money....Bill, so hypothetically speaking, if a 3 hat MS restaurant was offering meals for free and there were places available, you'd turn them down? You have absolutely everything you could ever want and more money wouldn't change your life a bit?
Again, I concede that some things can hold such a special place in one's heart that you would be extremely reluctant to sell (eg. DRC.)
Think it's a research interest for me in 2017 is economics, as most economic behaviour I see (and do myself) seems to be 50% rational at most! Like you'll cross town to get 50% off a £100 coat but not 25% off a £250 one.
I have to confess that I have recently sold some of my best bottles, albeit not gladly. A couple of dozen bottles have given me the opportunity to do something that I wouldn't have been able to do otherwise. It is a case of opportunity cost, both ways though as I have now missed the opportunity to sample these potentially great bottles in the future but have gained a different one.
And this is where economics in itself is not a rational science. Many would see spending £187.50 on a coat as being irrational where spending £50 is quite sensible.
That's pretty much the effect it has on me, Ben.Jon yes the world has actually gone mad as far as I can make out
I have a few 6s left of Tremblay bourgogne which I think I will have to sell. It makes me a bit cross - it's a very pretty wine, but for the price 6 of the 2012 you could buy 12 bottles of Foillard CdP and 12 of the Corcelette. I know that's not quite like for like but I know which will make me happier. The silly money being bandied around now just puts me off completely, saps the joy from it all for me.